425 pip EUR/AUD Long
What's everyone thinking about this EUR/AUD Long?
Price broke a trendline structure and then retested at a formed support zone. I was late on this trade as I would have got in for a long on the first retest but I will create a buy limit and hope for a 2nd retest to form a double bottom at the resistance zone to help push price up, but I may have missed this trade as price could continue going up without another retest. The ichimoku cloud has turned green on the 4h time frame and price is above the cloud and both moving averages. TP is set at a daily resistance zone and near the mid BB on the daily time frame.
Price broke a trendline structure and then retested at a formed support zone. I was late on this trade as I would have got in for a long on the first retest but I will create a buy limit and hope for a 2nd retest to form a double bottom at the resistance zone to help push price up, but I may have missed this trade as price could continue going up without another retest. The ichimoku cloud has turned green on the 4h time frame and price is above the cloud and both moving averages. TP is set at a daily resistance zone and near the mid BB on the daily time frame.
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